Posts tagged “Estate Planning”

Local Man Is Keeping Care Homes Live with Music

Posted on 22nd May 2017

Who has gone to visit their loved one in a Care Home? The answer is most of us have, either as a relative or a close friend, and how many times do you go in, and you see several people sat in the communal lounge, most often asleep, there is no activities, or very little activities, or the residents sat in their rooms, again often asleep. This is no fault of the care homes in general, they are busy people, have a lot of people to look after, and limited funds.

Well a Northampton Man is looking at changing all that!

New Inheritance Tax Threshold

Posted on 15th April 2017

So with last weeks budget, and house prices still soaring especially in the south of the country, what does the new IHT threshold offer?

The Office of Budget Responsibility says that the government will rake in near on £2 Billion in extra revenue over the next 5 years from Death Taxes. David Cameron had preciously said back in 2015, that they would take the family home out of ant tax equations, as we as hard working families should be able to pass our home on to our children free of any Inheritance Tax.

So What has happened?

Care Home Fees and Asset Protection Trusts BBC Investigates

Posted on 15th April 2017

I know throughout parts of Northamptonshire, Kettering, Wellingborough, Rushden, and Irthlingborough, and many other parts of the country, leaflets have been dropping through peoples letterboxes claiming that you can protect your home, your most valuable asset from having to pay for your care should you require care in the future, sometimes described as Asset Protection Trusts, Family Trusts, Care Home Trusts, with the promise, that you can safeguard your home from having to be used to cover care home fees.

Probate Fees The New Stealth Tax

Posted on 6th April 2017

The new Stealth Tax as may are calling it, is now in place, the new Probate Fees. These new band of fees are going to make it hard for may people who are faced with the task of sorting out their families Estates, putting a financial burden on families that may not have ready funds available to be able to pay the fees that are required upfront for probate to be granted.

Your Old Will Is It Still Going to work After April 2017?

Posted on 28th February 2017

If your Will has been in place for a number of years, you may find that after the April 2017 when the new Residence Nil Rate Band (RNRB) comes into effect, that your old Will is no longer inheritance tax efficient.

Could Cohabitees Soon Get Recognised

Posted on 14th February 2017

Denise Brewster lost her long-term partner Lenny McMullan whom she had been co-habiting with for over 10 years, they had brought their home together and were planning on getting married.